Managing KL’s Increasing Cost Of Living 

 

 

If you are noticing less left over from every pay packet after paying bills and buying the essentials, you are not alone. People across Kuala Lumpur have been complaining for years about the city’s rising cost of living. From housing to groceries, meals, travel and utilities, nearly every consumer good has increased in cost. While there’s no way to completely avoid price hikes, there are steps you can take to minimise their impact on your hip-pocket, leaving a bit more disposable income. We’ve put together a short list of things you can start doing today to save.

Look local for goods and products

There’s been an overall trend towards imported products across Malaysia for the last few years. As more and more of these products pour into the country, a perception that these expensive foreign products are superior to local equivalents has materialised. From groceries to restaurants to clothing, the idea that the imported version is always better than the local has had a big impact on many people’s expenditure.

But is it necessarily true? There are still many local Malaysian brands and businesses that deliver a high-quality product without the expensive overseas price tag. Rather than eating at an expensive foreign restaurant, why not find a new food court or hawker stand for your weekday lunch? Thinking carefully about why you’re loyal to the brands and to the businesses you are can be a great first step on the path to saving.

Ditch the lunch out

Already saving as much as you can on meals while still going out? It may be time to consider bringing your lunch in. While this may mean losing a few meals out and a bit of coffee shop talk with colleagues, it can save you a surprising amount of money. Not only will you be putting money back in your wallet, you’ll be giving yourself the chance and the motivation to learn a new skill – cooking!

Leave the car at home

Whether because they live too far from a train line or are simply too attached to their vehicle, this can be a difficult issue for some people. Minimising your car usage can save you money not just in petrol, but in servicing as you will be subjecting your vehicle to less wear and tear. If you can’t find public transport, try carpooling with your friends or splitting a fare on a ride-sharing service. 

 

So when you’re ready to make the move to Malaysia, come to Allied Pickfords and we’ll get your belongings there safely, on time and at an affordable price. www.alliedpickfords.com.my

 

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